The dollars been in a tight range for months. Won’t take much breech in either direction to determine signals if down trend is ending or going to continue. I also agree about the raid on Trump. Why don’t they raid Hillary and find out where the money for this dossier came from.

Silver was a stick in the mud overnight and stayed that way early on the Comex. While it did not follow gold lower, it failed to gain any traction from yet another theoretically favorable COT report, which showed the commercials getting even less short with the large specs getting more so. This is the second time in three weeks such an unusually bullish report has surfaced. As covered here, the first one resulted in one reasoned super bullish silver forecast after another. Rarely ever has one report elicited so many bullish calls. Two weeks later the price of silver was 20 cents lower this morning. Perhaps this one will be a game changer, as it, while even more theoretically bullish, received relatively little comment.

What continues to receive a great deal of coverage here is the continued growth of the silver open interest, which grows more staggering by the day. It rose another 516 contracts to 243,411. No sense in repeating the potential significance of what is going here, but odds are that it will lead to the dramatic. As the price is off the charts low, it ought to lead to a price explosion at some point. But for now, the price action could not be more lethargic and controlled. Today silver barely revealed a pulse in early trading.

Ten year cycles Charts say we end the year HIGHER for 2018 despite the MARCH decline

Utilities have not confirmed a Bear MARKET ,not yet …

However ,The Dollar has made a Triple Bottom ,The Fed is still raising rates .

WE can still have a booming Stock Market ,a Booming Economy,and a rising Dollar and rising GOLD ..these things are not independent themselves ..They do for tell Higher prices for everything in a WORD INFLATION ! everything goes UP until it dont ! and that dont happen until the fed rates get above inflation rates for a sustainable period and I dont see that happening for a few years out….UP UP UP for now ! Stocks end the YEAR much HIGHER …corrections in SEPT -oct are probable.. shallow dips….WE are in a long term inflation building cycle from a very low point ,we got a long way to go …..ride the wave !

Two good years 2018-2019 for the DOW ,inflation building …short term memory will keep you focused on the recent March activity 2020 dow goes down….Gold may continue up for another year into 2020 .

I think its just natural typical market action in a new down trend. Its the same action we’re familiar with re PMs.

When a long running up trend is on or near all time highs, and suddenly rolls over hard and fast, the people that entered or bought in late near the highs and soon gets caught in a big drop?? Nobody is EVER lucky enough to have short term pain and get back in the money.

This drop to me looks like at least one year downward pain for the latest high paying buyers, just to get to a bottom. Two years or more later they MIGHT get their money back.

#1 The USA already crashed once in 2008 and took the whole damn stupid global economy down with it.

#2 If nothing is done to reverse the past, no “trade war” or anything, the USA would naturally collapse, and the whole damn stupid global economy would down worse than the last time.

#3 During the 8 years after 2008, they made the USA only slightly better, with only slight pain for the export “blood suckers”.

This reminds me of a customer I had, who was in trouble, and owed me $6,000. They were paying me in tiny little payments so they would not feel the pain. I told the owners I understood the strategy, but at the same time, I’m not feeling the gain or the pleasure or use of the money I worked for.

Helping us hurts them (countries and corporations) but helping the USA is the most important thing for both the USA and all of THEM. They are trying to help the USA with the least amount of pain for themselves while doing so.

When a Doctor prescribes antibiotics, they DON’T give or recommend the slightest dose to kill the bacteria. The want you to take the whole prescription to make sure to kill the germs and not let them get out of hand.

I’m looking at the 8 years during Obama as a very slight dose of antibiotics. Its been 10 years now, and there are signs of a slowdown, bacteria taking hold and SUDDENLY the Trump gang is shoving bottles of antibiotics down the economy’s throat.

WILL THEY SUCCEED IN MAKING THE USA CONSUMERS AND DOMESTIC BUSINESSES ACQUIRE MORE SPENDING CASH, PAY DOWN DEBT AND SUPPORT GLOBAL BUSINESSES AND FOREIGN GOVT’S AGAIN, AND SOON???

But let’s hope that Trump has done his homework. At this stage this is just a Twitter war rather than a trade war, intended to soften up your opponent rather than inflict real damage. But for Trump to succeed he must demonstrate that the US is prepared to endure the pain of a lengthy trade war if needed.

Men naturally despise those who court them, but respect those who do not give way to them.
~ Thucydides (circa 400 BC)

And exports comprise a larger percentage of China’s GDP.

In 2010, Paul Krugman wrote:

Some still argue that we must reason gently with China, not confront it. But we’ve been reasoning with China for years, as its surplus ballooned, and gotten nowhere: on Sunday Wen Jiabao, the Chinese prime minister, declared — absurdly — that his nation’s currency is not undervalued. (The Peterson Institute for International Economics estimates that the renminbi is undervalued by between 20 and 40 percent.) And Mr. Wen accused other nations of doing what China actually does, seeking to weaken their currencies “just for the purposes of increasing their own exports.”

But if sweet reason won’t work, what’s the alternative? In 1971 the United States dealt with a similar but much less severe problem of foreign undervaluation by imposing a temporary 10 percent surcharge on imports, which was removed a few months later after Germany, Japan and other nations raised the dollar value of their currencies. At this point, it’s hard to see China changing its policies unless faced with the threat of similar action — except that this time the surcharge would have to be much larger, say 25 percent.

I don’t propose this turn to policy hardball lightly. But Chinese currency policy is adding materially to the world’s economic problems at a time when those problems are already very severe. It’s time to take a stand.
Krugman (no surprise) now seems more opposed to trade tariffs but observes:

….I think it’s worth noting that even if we are headed for a full-scale trade war, conventional estimates of the costs of such a war don’t come anywhere near to 10 percent of GDP, or even 6 percent. In fact, it’s one of the dirty little secrets of international economics that standard estimates of the cost of protectionism, while not trivial, aren’t usually earthshaking either.
I believe that Krugman’s original 2010 argument is still valid and that Trump is right in confronting China. The gap between imports and exports of goods is widening, especially since 2014, not shrinking.

And if anybody is promoting retaliation against the USA, it’s those various corporations from around the world, harbored there. Even SONY from Japan is fabricating there. I have three SONY TV sets, all made in China, sanctuary country.

Selling US Treasuries? Then what would they do with all that money? Stack it on pallets and warehouse it?? Put it in a bunch of banks with a $250k insurance on the balance? I dare them corporations to make waves, via the fake media.

I don’t believe anything from the media. Everything they say is no different than a classified add, or somebody’s special interest advertisement. You name it, even cultural modification. They like to change cultures. Anybody notice?

They ruined the muscle car culture, the gun and hunting culture, the patriotic American culture. The future? They even want men and woman to be the same neutral sex. They want us all to be “persons”. You know, mail person, sales person are hints.

I would pay a thousand dollars now, if someone would identify the actual group that dictates the master plans in the media.

“We Understand The Chinese Government Has Halted Purchases Of US Treasuries”: SGH

On Friday, we reported that among the five “nuclear” options available to Beijing to retaliate against Trump’s latest $100BN in proposed import tariffs, was the choice whether to sell US Treasuries. But what if Beijing did not want to unleash a full-blown market nuke, and instead was hoping for a targeted, EMP hit?

Then it would simply stop buying US paper, instead of dumping it outright; in the process it wouldn’t hurt the US too much – avoiding a furious tit-for-tat response – but would still send a clear signal to the White House, whose fiscal spending plan will more than double net Treasury issuance this year from under $500BN to over $1 trillion, and which needs every possible marginal buyer of US paper, both domestic and foreign.

and it also extends to pink sheet stocks , I think ( I have some US penny stocks which are slow to be reported ). Often I show a modest gain at the end of the day – because the daily change reflects the difference between the close and the open in the morning . However , all too often , looking at the previous day’s close , the indicated gain is actually a loss . I would rather see a midnight to midnight tally , or , as used to be the case – the price after all mutual fund NAV’s are tallied . Nine in the evening used to pretty well cover that effect . That is no longer true .